Group 1: Market Overview - The rare earth market shows a stable upward trend in prices for mainstream products as of January 28, 2026, with praseodymium-neodymium oxide averaging 696,500 CNY/ton, an increase of 4,200 CNY/ton [1] - Neodymium metal averages 842,800 CNY/ton, rising by 11,300 CNY/ton, while dysprosium oxide averages 1,404,300 CNY/ton, decreasing by 5,700 CNY/ton [1] - Terbium oxide averages 6,231,700 CNY/ton, down by 7,500 CNY/ton, indicating mixed price movements across different rare earth products [1] Group 2: Market Activity and Trends - Current market activity for praseodymium-neodymium oxide remains tight, with rising costs supporting high metal prices, although downstream magnet manufacturers are reducing purchasing intentions ahead of the holiday season [1] - The market for medium and heavy rare earth products continues to show low activity, with prices remaining stable, suggesting a potential trend towards stability in the short term [1] - Actual transactions are limited, primarily driven by traders, indicating a possible gradual fatigue in market trading in the future [1] Group 3: Stock Performance - A-share market performance for rare earth permanent magnet concept stocks shows slight fluctuations, with notable stocks including: - China Northern Rare Earth Group (000758) at 9.01 CNY, up 0.02% with a transaction volume of 2.226 billion CNY [2] - Aluminum Corporation of China (601600) at 14.61 CNY, up 0.02% with a transaction volume of 11.718 billion CNY [2] - Chifeng Jilong Gold Mining (600988) at 46.86 CNY, up 10.06% with a transaction volume of 376 million CNY [2] - Galaxy Magnetic (300127) at 36.68 CNY, up 7.88% with a transaction volume of 1.089 billion CNY [2] - West Magnetic Technology (920061) at 33.82 CNY, up 7.41% with a transaction volume of 174 million CNY [2]

Market Performance - The metal new materials sector increased by 1.25% on January 28, with Galaxy Magnet leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Top Gainers - Galaxy Magnet (300127) closed at 36.68, up 7.88% with a trading volume of 307,500 shares and a transaction value of 1.089 billion [1] - Zhongke Magnet (301141) closed at 64.62, up 6.88% with a trading volume of 117,400 shares and a transaction value of 742 million [1] - Dadi Bear (688077) closed at 35.51, up 5.62% with a trading volume of 91,100 shares and a transaction value of 316 million [1] Sector Fund Flow - The metal new materials sector saw a net inflow of 204 million from institutional investors, while retail investors experienced a net outflow of 88.55 million [2] - The main stocks with significant net inflows included XinKe Materials (600255) with 70.33 million and Tianhe Magnetic Materials (603072) with 69.00 million [3] Notable Decliners - Longda Co. (688231) closed at 31.44, down 3.56% with a trading volume of 70,000 shares and a transaction value of 222 million [2] - Sry New Materials (688102) closed at 42.46, down 2.73% with a trading volume of 236,100 shares and a transaction value of 1.004 billion [2]

Core Viewpoint - The company has successfully developed heat-pressed magnets over 13 years, achieving significant advancements in technology and production capacity, which are now yielding positive financial results [1] Group 1: Company Development - The company has transitioned from having no technology to developing its own heat-pressed magnets, indicating a complete in-house capability [1] - Production capacity is gradually increasing, leading to improved operational efficiency and profitability [1] Group 2: Product Performance - The wholly-owned subsidiary has enhanced the performance, stability, and cost-effectiveness of magnetic powder products through years of research and development [1] - There is potential for these improvements to contribute to increased net profits for the company in the future [1]

Group 1: Company Development and Financial Performance - The company has maintained steady growth since its listing in October 2010, with net profits increasing from over 30 million RMB to more than 190 million RMB by 2021, despite a slight decline projected for 2022-2024, with a minimum profit of over 147 million RMB [1] - The company focuses on rare earth permanent magnets, with investments in projects like samarium-cobalt magnets and magnetic powders, which have low costs and risks but slow returns [1] Group 2: Acquisition Plans and Strategic Rationale - The acquisition of Kyoto Longtai is aimed at expanding the company's product range and meeting existing customer demands for ferrite materials, which are cost-effective and widely used [1] - The target company has established competitive advantages in the ferrite sector, making it a strategic fit for the company's growth [1] Group 3: Business Growth and Market Trends - The company’s existing business is experiencing growth, particularly in bonded magnets, with a positive trend in demand driven by automation and smart technology [2] - The company’s magnetic powder business has improved in performance, stability, and cost-effectiveness through recent R&D efforts, contributing to net profit [2] Group 4: Future Business Plans and Market Considerations - Currently, the company has no new business plans and is focused on optimizing existing operations [2] - The company acknowledges that fluctuations in rare earth prices and government policies can impact operations, but overall demand for electric motors is expected to rise, benefiting the company [2] Group 5: Investment Considerations and Risks - The investment in the target company is seen as high-risk with potentially low short-term returns, but future business developments could improve investment returns [2] - Establishing a new company would require significant time and resources for customer development and team formation, whereas the target company already has an established customer base and management team [2]

证券代码：300127 证券简称：银河磁体 公告编号：2026-001 公司拟通过发行股份及支付现金的方式向宁波华强睿哲创业投资合伙企业（有限合 伙）、唐明星、徐刚、福州启赋新材创业投资合伙企业（有限合伙）、宁波华强睿华投 资合伙企业（有限合伙）、成都龙泰聚力企业管理合伙企业（有限合伙）、成都龙泰众 锦企业管理合伙企业（有限合伙）、成都衡通企业管理合伙企业（有限合伙）、北京合 享企业管理合伙企业（有限合伙）、新余启赋四号投资管理合伙企业（有限合伙）、舟 山亚商复观一号创业投资合伙企业（有限合伙）、嘉兴启赋新材料合伙企业（有限合伙）、 成都鸿合企业管理合伙企业（有限合伙）、长沙湘江启赋弘泰私募股权基金企业（有限 合伙）14名交易对方购买其合计持有的四川京都龙泰科技有限公司100%股权，并拟向不 超过35名特定投资者发行股份募集配套资金（以下简称"本次交易"）。本次交易预计 不构成关联交易，不构成重大资产重组，不构成重组上市。 二、本次交易的历史披露情况 因有关事项尚存不确定性，为了维护投资者利益，避免对公司证券交易造成重大影 响，根据深圳证券交易所的相关规定，经公司申请，公司证券（品种：A股股票，简称： 银河磁 ...

Group 1 - The company, Galaxy Magnet (300127.SZ), primarily focuses on the research, production, and sales of rare earth permanent magnets and components, and does not manufacture soft magnets [1]

Group 1: Market Performance - The metal new materials sector increased by 0.67% compared to the previous trading day, with Tianli Composite leading the gains [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Group 2: Top Performers - Tianli Composite (code: 920576) closed at 94.10, up 5.02% with a trading volume of 70,800 shares and a transaction value of 672 million yuan [1] - Longmag Technology (code: 300835) closed at 69.87, up 4.16% with a trading volume of 82,800 shares and a transaction value of 571 million yuan [1] - Aluminum Science and Technology New Materials (code: 300811) closed at 80.00, up 3.76% with a trading volume of 121,100 shares and a transaction value of 953 million yuan [1] Group 3: Underperformers - Antai Technology (code: 000969) closed at 26.40, down 4.21% with a trading volume of 1,168,500 shares and a transaction value of 3.154 billion yuan [2] - Zhengke Materials (code: 600255) closed at 4.02, down 3.13% with a trading volume of 1,607,300 shares and a transaction value of 654 million yuan [2] - Zhongzhou Special Materials (code: 300963) closed at 22.00, down 2.96% with a trading volume of 249,900 shares and a transaction value of 555 million yuan [2] Group 4: Capital Flow - The metal new materials sector experienced a net outflow of 237 million yuan from institutional investors, while retail investors saw a net inflow of 225 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Group 5: Individual Stock Capital Flow - Kinglith Permanent Magnet (code: 300748) had a net inflow of 310 million yuan from institutional investors, but a net outflow of 80.215 million yuan from speculative funds [3] - Longmag Technology (code: 300835) saw a net inflow of 59.304 million yuan from institutional investors, but a net outflow of 15.656 million yuan from speculative funds [3] - Galaxy Magnet (code: 300127) had a net inflow of 29.427 million yuan from institutional investors, with a net outflow of 4.7925 million yuan from speculative funds [3]

Group 1 - The core viewpoint of the article highlights a significant increase in rare earth product prices, with specific products like praseodymium-neodymium oxide and metal experiencing notable price hikes [1] - Praseodymium-neodymium oxide average price rose to 671,900 CNY/ton, an increase of 29,200 CNY/ton, while metal praseodymium-neodymium reached 816,000 CNY/ton, up by 36,000 CNY/ton [1] - The price of dysprosium oxide increased to 1,441,500 CNY/ton, up by 18,000 CNY/ton, and terbium oxide reached 6,242,500 CNY/ton, rising by 27,500 CNY/ton [1] Group 2 - The rapid price increase of praseodymium-neodymium oxide, which surged from 630,000 CNY/ton to 671,900 CNY/ton within two trading days, reflects a 6.65% rise [1] - Factors contributing to the price surge include limited supply from major waste processing companies and increased purchasing demand from magnetic material enterprises [1] - The overall rare earth market is showing strong performance, with a need to monitor the purchasing pace and acceptance levels of downstream magnetic material companies [1] Group 3 - A-share market performance of rare earth permanent magnet concept stocks shows positive trends, with companies like Antai Technology and Xiamen Tungsten rising by 3.46% and 2.96% respectively [1] - Specific stock prices include Antai Technology at 29.27 CNY, Xiamen Tungsten at 50.48 CNY, and Galaxy Magnetic at 33.48 CNY, indicating a general upward trend in the sector [1]

证券日报网讯 1月8日，银河磁体在互动平台回答投资者提问时表示，按照相关要求，公司在定期报告 中公布股东人数。其余时间的股东人数，股东可凭有效股东身份证明到公司查询。 （文章来源：证券日报） ...

Core Viewpoint - The metal new materials sector experienced a significant increase of 2.11% on January 7, with Huitong New Materials leading the gains, reflecting positive market sentiment in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1]. - Huitong New Materials saw a closing price of 25.69, with a remarkable increase of 16.83%, leading the sector [1]. - Other notable performers included Zhongke Magnetic Materials, which rose by 7.13% to a closing price of 58.47, and Antai Technology, which increased by 5.34% to 22.49 [1]. Group 2: Trading Volume and Value - Huitong New Materials had a trading volume of 92,200 shares and a transaction value of 236 million yuan [1]. - Zhongke Magnetic Materials recorded a trading volume of 121,500 shares with a transaction value of 708 million yuan [1]. - Antai Technology had a trading volume of 1,219,500 shares and a transaction value of 2.724 billion yuan, indicating strong investor interest [1]. Group 3: Capital Flow - The metal new materials sector saw a net inflow of 889 million yuan from institutional investors, while retail investors experienced a net outflow of 1.045 billion yuan [2]. - The sector's overall capital flow indicates a mixed sentiment, with institutional investors showing confidence while retail investors withdrew funds [2]. Group 4: Individual Stock Capital Flow - Kinglong Permanent Magnet had a net inflow of 15.5 million yuan from institutional investors, representing 3.97% of its total capital [3]. - Sry New Materials experienced a net inflow of 14.6 million yuan from institutional investors, accounting for 5.63% of its total capital [3]. - Ningbo Yunsheng saw a significant net inflow of 122 million yuan from institutional investors, which is 9.63% of its total capital [3].